Topgolf Callaway Brands (NYSE:CALY) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Topgolf Callaway Brands (NYSE:CALY) issued its quarterly earnings data on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.14, FiscalAI reports. Topgolf Callaway Brands had a return on equity of 4.34% and a net margin of 1.05%.Topgolf Callaway Brands’s revenue for the quarter was down 37.1% on a year-over-year basis.

Topgolf Callaway Brands Stock Up 18.6%

Shares of CALY traded up $2.74 during trading hours on Friday, hitting $17.51. 8,090,268 shares of the company were exchanged, compared to its average volume of 2,659,314. The stock has a market capitalization of $3.19 billion, a P/E ratio of 125.09 and a beta of 0.95. Topgolf Callaway Brands has a fifty-two week low of $5.86 and a fifty-two week high of $17.70. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $14.15.

Topgolf Callaway Brands News Roundup

Here are the key news stories impacting Topgolf Callaway Brands this week:

• Positive Sentiment: Topgolf Callaway beat Q1 estimates, reporting $0.56 EPS versus the $0.42 consensus, while PR materials highlighted 9% higher net sales, 18% higher net income from continuing operations, and 31% higher adjusted EBITDA year over year. CALLAWAY GOLF COMPANY ANNOUNCES FIRST QUARTER 2026 RESULTS
• Positive Sentiment: The company raised its 2026 outlook, with revenue guidance of about $2.0 billion to $2.1 billion and improving tariff conditions supporting a more constructive sales forecast. Callaway forecasts $2.015B-$2.070B in 2026 net sales as tariff outlook improves
• Positive Sentiment: Management also appeared confident enough to bump guidance after a strong start to the year, reinforcing the view that earnings momentum may be improving. Callaway Bumps Guidance after Strong Start to Year
• Neutral Sentiment: JPMorgan raised its price target on CALY to $17 from $15 but kept a neutral rating, suggesting the stock may already reflect much of the recent improvement. Benzinga report on JPMorgan price target change
• Neutral Sentiment: Additional coverage this morning focused on the company’s earnings transcript and presentation, which typically supports investor attention but is less likely to change the stock’s direction on its own. Callaway Golf (CALY) Q1 2026 Earnings Transcript
• Negative Sentiment: Despite the earnings beat, revenue was still down 37.1% year over year, and Topgolf layoff headlines continued to highlight operational pressure in parts of the business. Topgolf lays off hundreds following rocky private equity acquisition

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings assumed coverage on Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They issued a “sell (d-)” rating on the stock. Zacks Research upgraded Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upped their price objective on Topgolf Callaway Brands from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, UBS Group upped their price objective on Topgolf Callaway Brands from $11.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.00.

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.